Accounting questions and answers. Answer the following 30 questions please. Q1. On November 1, Year One, a company is paid $12,000 in advance to do a job for a customer. The job has ten separate steps. The first four steps were completed in Year One and the remaining six steps were completed in Year Two. The accountant mistakenly believed that ... Common Stock = $315,100. Paid-In Capital in Excess of Par =$34,400. Retained Earnings = $164,750. Treasury Stock =$20,300. Solution. Answered 5 months ago. Step 1. 1 of 2. The total stockholders' equity is equal to the amount of common stock, plus the paid-in capital in excess of par and retained earnings; if there is treasury stock, we deduct ...Click here 👆 to get an answer to your question ️ On September 1 , 2019 , Two Sisters Company pays $ 36,000 cash ... The balance in prepaid rent on December 31 , 2019 , after adjustment , would be : A. $ 24,000 B. $ 0 C. \$12,000 . $ 6,000. loading. See answer. loading. plus. Add ... On October 1, a client pays a company the full ...Study with Quizlet and memorize flashcards containing terms like On February 1, Secret Gardens Inc. sells 3,000 shares of its $1 par value common stock for $13 per share. The journal entry on February 1 will include a:, On December 1, Chocolate Inc. sells 2,000 shares of its $1 par value common stock for $16 per share. The journal entry on December 1 will …Descriptions: On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what’s the unearned revenue as of December 31. More : On October 1, a client pays a company the full $12,000 balance of a year-longThe Jansen Company borrowed $12,000 at an annual interest rate of 5%. The interest is payable quarterly. For the first year, there are three quarters (April, July, ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.The client paid $12,000 cash in advance for all five training courses on September 1, and WTI credited Unearned Revenue. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class.Click here 👆 to get an answer to your question ️ On October 1, when a client pays a company the full $12,000 balance of a year-long contract using the accru ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.On October 1, when a client pays a company the full $12,000 balance of a year-long contract using the accrual method, what's the unearned revenue as of December 31? …Find a Dental Companies PPC agency today! Read client reviews & compare industry experience of leading Dentists PPC management companies. Development Most Popular Emerging Tech Dev...Since the interest is paid semiannually, the company would pay $12,000 in interest on September 1, YEAR 1. Explanation: ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Oct 12, 2021 ... ... 1, 2019. So we're going to write the month ... paid. So worth 250, 000. The Transactions ... Oct 13, 2021. . Problem 2 Answer (Topic No. 3 ...Click here 👆 to get an answer to your question ️ On October 1, when a client pays a company the full $12,000 balance of a year-long contract using the accru ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of December31? $0. $1,000. …The bond pays 2.5% interest. B.The bond traded at ... Oct. 12. Purchased 10,000 shares of treasury stock ... 1 Jan 1 Cash. 2 b. 2:3. 4. Ch. 5. DESCRIPTION. Premium ...Study with Quizlet and memorize flashcards containing terms like On February 1, Secret Gardens Inc. sells 3,000 shares of its $1 par value common stock for $13 per share. The journal entry on February 1 will include a:, On December 1, Chocolate Inc. sells 2,000 shares of its $1 par value common stock for $16 per share. The journal entry on December 1 will …on october 1, a client pays a company the full $12,000 balance of a year-long contract. using the accrual method what's the unknown revenue as of december 31? jessicad6833 …(RTTNews) - The Czech Republic's retail sales continued to decline in October, data from the Czech Statistical Office showed on Tuesday. Retail s... (RTTNews) - The Czech Republic...Find a Dental Companies PPC agency today! Read client reviews & compare industry experience of leading Dentists PPC management companies. Development Most Popular Emerging Tech Dev...Alejandro Consulting paid $2500 cash for a 5-month insurance policy that begins on March 1. Determine the general journal entry to record the cash payment. Prepaid Insurance 2500 debit; Cash 2500 credit. Sharp Services provided $800 of consulting work and $100 of design work to the same client.Business Accounting On July 1. 2022, Damlen Jurado Company pays $12,000 to its insurance company for a 2-year insurance policy Prepare the necessary journal entries for Damlen Jurado on July 1 and December 31. (Credit account titles are automatically iIndented when the amount is entered. Do not Indent manually.Dec 31, 2015 · On December 1, 2015, the a client pays $12,000 to cover a building for the period December 1, 2015-November 30, 2016. The adjusting journal entry on December 31, 2015 is: You own an insurance company. On December 1, 2015, the a client pays $12,000 to cover a building for the period December 1, 2015-November 30, 2016. There are 2 steps to solve ... Question:-On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what’s the unearned revenue as of December 31? Answer. Under accrual method, the entire $12,000 would have classified as an unearned revenue since on October 1st of that year; a client pays this amount in full.You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: On October 1, a customer pays your company $800 for four months of services (October through January). By the end of the year, December 31, how much deferred revenue will you still have on your books?Question:-On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what’s the unearned revenue as of December 31? Answer. Under accrual method, the entire $12,000 would have classified as an unearned revenue since on October 1st of that year; a client pays this amount in full.When a client signs on with your business, they have certain expectations about what your performance will be. When a client signs on with your business, they have certain expectat...On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31? $0 $1,000 …Click here 👆 to get an answer to your question ️ Focus corp. pays $12,000 for 2 years of rent. what is the journal entry to record this transaction?' ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Intermediate Accounting Quiz 6. 3.8 (11 reviews) On December 31, Year 1 Adam Company incurred $3,000 of accrued salary expense. The Year 2 recognition of the cash payment for these expenses. A. decreases the amount of liabilities shown on the Year 2 balance sheet. B. increases the amount of salary expense recognized in Year 2.The finance department plays a huge role in business because that’s where the money is. The finance department knows how much money is needed to pay vendors, secure clients, cover ...Are you over-servicing your clients? It may be hurting your business. Check out these tips to recognize and stop the bad habit. Over-servicing a client happens on many occasions. M...Why It Matters; 3.1 Describe Principles, Assumptions, and Concepts of Accounting and Their Relationship to Financial Statements; 3.2 Define and Describe the Expanded Accounting Equation and Its Relationship to Analyzing Transactions; 3.3 Define and Describe the Initial Steps in the Accounting Cycle; 3.4 Analyze Business Transactions Using the Accounting …Intermediate Accounting Quiz 6. 3.8 (11 reviews) On December 31, Year 1 Adam Company incurred $3,000 of accrued salary expense. The Year 2 recognition of the cash payment for these expenses. A. decreases the amount of liabilities shown on the Year 2 balance sheet. B. increases the amount of salary expense recognized in Year 2. a.Pay employee salaries of $3,200 for the current month. b.Pay office rent for the current month, $4,400. c.Purchase office supplies on account for $2,500. d.Receive cash of $5,000 in advance from a customer who plans to have his house painted in the following month. e.None of the above. e. none of the above. This means that adjustments are needed to reduce the asset account and transfer the consumption of the asset’s cost to an appropriate expense account. As a general representation of this process, assume that one prepays $300 on June 1 to receive three months of lawn mowing service.In October, the pay period began on Monday, October 1. As a result, the pay period ended on Friday, October 26, with salaries and wages of $40,000 being paid. (D) Salaries & Wages Expense 40,000 (C) ... Pioneer receives a $12,000 cash advance from R. Knox, a client, ... Cash 12,000 (C) Unearned Service Revenue 12,000. About us. About Quizlet ...New Jersey Mutual has offered you a single premium annuity that will pay you $12,000 per year (end of year) for the next 15 years. If you must pay $109,296 today for this annuity, what is your expected ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned ... Question: On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of... Find an answer to your question On January 1, a company pays one year of rent in advance for $12,000 ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Reducto Co. pays a weekly payroll of $95,000 that includes federal taxes withheld of $12,000 FICA taxes withheld of $7,250, ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.May 11, 2022 · Note that in this scenario, revenues and expenses should be recognized in the same period. So, By the use of accrual method, the unearned revenue as of December 31 1 is $ 12,000. On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the Accrual method, what's the unearned revenue as of December 31? Submitted … Since it is a year-long contract, we can assume that the contract period starts on October 1 of the current year and ends on September 30 of the following year. Given that the client paid the full $12,000 balance on October 1, we can recognize the revenue for the entire contract period on that date. The settlement is a warning to service firms that failing to sniff out potential wrongdoing by clients could mean big legal bills. After three years in court, accounting giant Delo...On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31 verifiedOn October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what’s the unearned revenue as of December31?... 1.On October 1, a client pays a company the full ,000 balance of a … 2.Solved On October 1, a client pays a company the full | Chegg.com; 3.On October 1, a client pays a company the full ,000 … – Brainly.com; 4.on october 1 a client pays a company the full 12000 balance of a … 5.Ch. 3: Examples of Transactions Flashcards – Quizlet On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of …a. Debit cash$10,000, credit capital stock $10,000. b. Debit capital stock$100,000, credit cash $100,000. d. Debit cash$100,000, credit treasury stock $100,000. e. Debit cash$10, …Oct 28, 2022 · B.its expected future dividends and its discount rate. C. Wall Street analysts. D. the present value of its future earnings per share and its discount rate. Oct 30 2022. Answer of On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of... PV = $12,000 * (1 - (1 + 0.13)^(-5)) / 0.13 Solving this equation, we find that the present value of the annuity is approximately $38,867.07. ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.This means that as of October 1, the company had unearned revenue of $12,000 because it had not yet earned any of the revenue from the contract. As time passes and the company provides goods or services to the client, the unearned revenue will decrease and the earned revenue will increase. By December 31, three months have …Find a Dental Companies PPC agency today! Read client reviews & compare industry experience of leading Dentists PPC management companies. Development Most Popular Emerging Tech Dev... The unearned revenue as of December 31 will be $12,000 . Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet to rendered to their client Inconclusion using the accrual method, the unearned revenue as of December 31 is $12,000. Click here 👆 to get an answer to your question ️ Focus corp. pays $12,000 for 2 years of rent. what is the journal entry to record this transaction?' ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. Question: On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what's the unearned revenue as of... Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets Get the answers you need, now! ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.The company receives an annual subscription of Rs 12000 from one of its clients on 31.03.2018 for the next year. Revenue will be earned when the magazine will be delivered to the client monthly. Balance Sheet as on …Solved step-by-step. Solved by verified expert. Created on Sept. 15, 2022, 3:39 p.m. Company Inc. enters into a 10-year finance lease at the beginning of 2021 for a total of $250,000. The annual lease payment is $25,000 (payable at the end of each year) and the rate implicit in the lease is 5%. No initial direct costs are incurred.On October 1, a client pays a company the full $12,000 balance of a year long contract. Using the Accrual method, what’s the unearned revenue as of December31?...We love using Gmail.com for its many features, but if you want offline access and a more "desktop-like" experience, you can get your Gmail messages delivered to a desktop client, l...On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31? $0 $1,000 …The widget company purchases a new piece of equipment for $222,000 and then pays $12,000 for shipping and inst Get the answers you need, now! ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31.Insurance companies have many products and services to offer to new and existing clients. The class or type of insurance you can choose from depends on your personal and family sit...October 1: Stockholders invest ... October 2: Pioneer Advertising receives a $12,000 cash advance from R. Knox, a client, for 3-months of advertising services that will be completed evenly October through December ($4,000/month). October 3: Pioneer Advertising pays $9,000 office rent, in cash, for October.October 1: Stockholders invest $100,000 cash in an advertising venture to be known as Pioneer Advertising Inc. October 1: Pioneer purchases office equipment costing $50,000 by signing a 3-month, 12%, $50,000 note payable. October 2: Pioneer receives a $12,000 cash advance from R. Knox, a client, for advertising services that are expected to be …Dealing with a freelance client that won't pay? Here are some actionable steps you can take to recover your unpaid invoices. Dealing with a freelance client that won't pay? Here ar...a. Debit cash$10,000, credit capital stock $10,000. b. Debit capital stock$100,000, credit cash $100,000. d. Debit cash$100,000, credit treasury stock $100,000. e. Debit cash$10, …Study with Quizlet and memorize flashcards containing terms like Which ratio tells a user about a company's liquidity?, T/F: Issuing stock in exchange for cash increases assets and increases liabilities., Notes Payable is classified as a(n): and more.Study with Quizlet and memorize flashcards containing terms like On January 1 Hanigan Corporation paid $12,000 to Ryan Realty for 12 months' rent beginning January 1. Prepaid Rent was debited for the full amount. If financial statements are prepared on March 31, the adjusting entry to be made by Hanigan Corporation is:, On July 1 the Fisher Shoe Store …. Alejandro Consulting paid $2500 cash for a 5-month insurance pFind a Dental Companies PPC agency today! Read client review In the digital age, having a well-designed and high-converting selling website is crucial for businesses looking to succeed online. A selling website serves as the virtual storefro...A company has a fiscal year-end of December 31: (1) on October 1, $12,000 was paid for a one-year fire insurance policy; (2) ... An inexperienced assistant accountant has prepared the following income statement for the month of October 201; On July 1, 2014, Seng Co. pays $15,900 to Nance Insurance Co. for a 2-year insurance contract. %question% Get the answers you need, now! Since the interest is paid semiannually, the company would pay $12,000 in interest on September 1, YEAR 1. Explanation: ... On October 1, a client pays a company the full $12,000 balance of a year-long contract. Using the accrual method, what's the unearned revenue as of December 31. A company's board of directors votes to declare a cash ...
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